“I have observed that not the man who hopes when others despair, but the man who despairs when others hope, is admired by a large class of persons as a sage.” Matt Ridley – The Rational Optimist
It is natural to listen to those touting pessimism and declaring the world is ending. We figure individuals who can make such claims have done their homework, examined the facts, and therefore, must be more intellectual – right? Not so fast, the Motley Fool discusses why these pessimistic scholars may actually be the real fools.
As investors, if you maintain a diversified portfolio, stick with a long term financial plan, and realize market volatility is inevitable, you can rest assured that remaining optimistic because you have done your homework, may be the most intelligent disposition to embrace.